Copy of Bond-premium(1)

Copy of Bond-premium(1) - 13 $6,372,587.60 $7,000,000.00...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Period Int. Exp Cash Paid Increase or Decrease Bond Balance 0 $- $- $- $111,469,921.00 1 $6,688,195.26 $7,000,000.00 $(311,804.74) $111,158,116.26 2 $6,669,486.98 $7,000,000.00 $(330,513.02) $110,827,603.24 3 $6,649,656.19 $7,000,000.00 $(350,343.81) $110,477,259.43 4 $6,628,635.57 $7,000,000.00 $(371,364.43) $110,105,895.00 5 $6,606,353.70 $7,000,000.00 $(393,646.30) $109,712,248.70 6 $6,582,734.92 $7,000,000.00 $(417,265.08) $109,294,983.62 7 $6,557,699.02 $7,000,000.00 $(442,300.98) $108,852,682.63 8 $6,531,160.96 $7,000,000.00 $(468,839.04) $108,383,843.59 9 $6,503,030.62 $7,000,000.00 $(496,969.38) $107,886,874.21 10 $6,473,212.45 $7,000,000.00 $(526,787.55) $107,360,086.66 11 $6,441,605.20 $7,000,000.00 $(558,394.80) $106,801,691.86 12 $6,408,101.51 $7,000,000.00 $(591,898.49) $106,209,793.37
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 13 $6,372,587.60 $7,000,000.00 $(627,412.40) $105,582,380.97 14 $6,334,942.86 $7,000,000.00 $(665,057.14) $104,917,323.83 15 $6,295,039.43 $7,000,000.00 $(704,960.57) $104,212,363.26 16 $6,252,741.80 $7,000,000.00 $(747,258.20) $103,465,105.06 17 $6,207,906.30 $7,000,000.00 $(792,093.70) $102,673,011.36 18 $6,160,380.68 $7,000,000.00 $(839,619.32) $101,833,392.04 19 $6,110,003.52 $7,000,000.00 $(889,996.48) $100,943,395.57 20 $6,056,603.73 $7,000,000.00 $(943,396.27) $99,999,999.30 Total $128,530,078.30 $140,000,000.00 Face Amount $100,000,000.00 Face Rate 7% Int. Paid annually Term 20 years Yield Rate 6% issue price $111,469,921.00 Total Paid $240,000,000.00 Borrowed $111,469,921.00 Total Interest $128,530,079.00...
View Full Document

Ask a homework question - tutors are online